Oil demand growth is set to slow in the coming months, with consumers likely to endure high prices until consumption is brought back into line with supply that’s struggling to keep pace with the world’s thirst for fuels. The International Energy Agency, the US Energy Information Administration and the Organization …

India imported six times as much Russian coal in the 20 days leading up to Wednesday as it did in the same period last year, Reuters reported on Saturday. During that same timeframe, New Delhi’s imports of Russian oil increased by a factor of more than 31. This increase comes …

The Energy Information Administration (EIA) Data showed that Iraq’s export oil to the United States increased to 555 thousand bpd in the last week. EIA stated in a report, “The United States oil exports recorded 6.144 bpd in the second week of June.” The top three source countries for U.S. …

The number of total active drilling rigs in the United States rose by 7 this week, according to new data from Baker Hughes published on Friday. The total rig count rose to 740 this week—270 rigs higher than the rig count this time in 2021, but insufficient to ease market …

As countries around the globe are setting ambitious targets to reduce their dependency on fossil fuels, many will remain reliant on oil and gas for petrochemical production for decades to come. However, the decarbonization of oil and gas operations may well become key to the success of the industry, as …

Delegates from OPEC+ are trying to decide what to do when the oil production pact ends in, Bloomberg reported on Friday. The pact is faced with numerous uncertainties and difficult situations—not the least of which is its relationship with one of the top members of the group—Russia. Saudi Arabia has …

Russia reduced natural gas to Europe again on Friday, including cutting flows by half to Italy and Slovakia and completely to France, as countries have worked to ease their dependence on Russian supplies amid the war in Ukraine. It marks the third day of significant reductions to the fuel that …

The United States, the European Union and countries such as Japan have agreed to enhance efforts to achieve a goal of reducing global methane emissions by at least 30% by 2030, targeting emissions in the oil and gas sector. Under the Global Methane Pledge Energy Pathway launched Friday, nations are …

U.S oil service company Baker Hughes will no longer provide engineering services to Russian LNG developers. That creates another serious headache for Novatek’s LNG projects in the Arctic. According to newspaper Kommersant, Baker Hughes will also stop deliveries of equipment to Russia. Baker Hughes plays a key role in several …

Gazprom Germania will be handed a loan of up to €10 billion (£8.6bn), the German Government has confirmed. Officials have said that the aim is to place the firm into a long-term administration regime. It is reported that the loan will help the company avoid insolvency. In the statement, the …